When Asked to Clean His Room, Miguel Does So, but Only

question 35

Multiple Choice

When asked to clean his room, Miguel does so, but only after being assured by his parents that he will receive an allowance in exchange for cleaning up. Miguel's behavior is most likely motivated by

• A) social comparison.
• B) self-monitoring.
• C) egocentric biases.
• D) extrinsic motivation.

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Definitions:

Substitution

The economic principle describing how consumers or producers switch between goods or resources as relative prices or availability change.

Quart

A unit of liquid volume equal to two pints, approximately 0.946 liters in the United States.

Pound

A unit of currency used in the United Kingdom and other areas, or a unit of weight equal to 16 ounces.

Convex Preferences

Consumer preferences that signify a desire for diversified bundles of goods, represented by convex-shaped indifference curves.